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to come, trying to get the japanese economy back into high gear. work the financial formula for others, too? has erupted in france after an american businessman launched an attack on the country's work ethic. on this political firestorm. >> american plane talking does not get much clearer. wantasked what he did not to take over the local beer factory, he gave this straight. >> the french work force only works three hours for higher wages, with one of our breaks and they talked for three hours, and later, he is going to buy chinese entire company to pay less than one the euro per tiresto switch all of the of france needs. the staff was annoyed. >> these people should be affected, -- should be -- they come in every day at 4:00 in the morning. >> even more annoyed was the person who received the letter, the french economic director. he wrote, you show your ignorance to the country, talking about the 40,000 public companies working on this soil. all of these businesses appreciate the quality of the french workers. this upset about the caricature of french tokers, but the offer payless is i
back spending. prices at the pump are up nearly $0.50 in a month. >> we are a driving economy. most people drive to their place of work. and so they've got sort of a secondary tax, in addition to the payroll tax increase that they've experienced as well. >> reporter: wal-mart is adjusting by stocking its shelves with lower-priced items, and smaller sized packages. retailers fear the pressure on consumers could get worse if a trillion dollars in across-the- board government spending cuts hit march first. that would be right at the start of the spring selling season. >> i think we will see promotional activity and markdowns become more commonplace. i think the key takeaway here is that we could be looking at a very difficult time for retailers to be raising profitability and expanding margins in this environment. but even in a tough environment there will be some winners. in the retail and restaurant categories, hottovy sees two firms that could thrive: >> our top picks are costco and amazon. we think that they will be key beneficiaries of either a trade out or a trade down among cons
where the increase in the minimum wage has stymied the economy, caused jobs to be lost, caused employers not to hire. where is the evidence of that? >> if that is the case, let's make it $20, $50. we not only have chronic unemployment of 8%, we have huge and terribly destructive teenage unemployment, minority unemployment. this is the entry-level jobs where you get started. if you are going to price it out of the market in an economy that has the weakest recovery since the second world war, you are guaranteeing you will create blight for these people. >> those other people who do the jobs that none of us want to do. i think the odds are that he will not get it and he will not fight for it that hard. the last person who fought for a minimum-wage increase was ted kennedy and he actually got it. >> who will be the time kennedy in the senate is an interesting question, too. >> if you cannot pay someone $9 an hour, you probably should not be a business. >> i agree with him -- >> you talk about the economy as if it is a moral and estimate. even if i agree with you, it does not change the fact
for the economy following a tough recession. darren gersh, "n.b.r.," washington. >> susie: joe davis joins us now, he's chief economist at vanguard, the giant mutual fund company. >> susie: joe, nice to have you with us on this important day. let me start by asking you, do you think the fed is taking on too much risk? >> i think there is an argument that can be made. we've had a concern for more than a year that there are both costs as well as benefits with respect to very aggressive monetary policy. and just some of the behavior we've seen in the financial markets. i know the report talked about excessive risk-taking. so i've had a concern that those costs associated with monetary policy may not have been given the sort of credence they should have been. so a positive development, in my mind, to today's minutes it was that federal reserve policy-makers were more aggressively talking about both the pros and cons wreaptwith respect to aggressive monetary policy. >> susie: one thing we've been hearing repeatedly from the federal reserve is they're not going to make any change in this policy, raisin
is starting to return. >> reporter: sure, the u.s. economy may be outperforming most other developed nations. but some investment strategists see good opportunities in the weakest parts the world like europe. >> although growth is still negative, we do believe that this year will be that tipping point where growth returns positive. and things are getting progressively just a little less bad. >> reporter: he recommends buying the stocks of big european companies that get much of their revenues outside the region. >> you've got a lot of companies based in these countries which sell to the emerging markets and that growing consumer within the emerging markets. i think you're seeing a lot of >> reporter: but others have a country specific approach. wells fargo advisors has norway as a top pick. >> not only is it a country with relatively low debt and a good credit standing, but it's also a country that's the 15th largest oil exporter in the world. and we think oil prices will continue to edge higher here. >> reporter: but, remember, even if you just buy stocks of big american companies, you like
the president unveiled proposals to boost the economy, help the middlal class, invest in the nation's aging infrastructure, create more high-tech manufacturing, a big emphasis, expand preschool education, up high school standards and make college more affordable >> nothing i'm proposing tonight should increase our deficit by a single dime. it is not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth. >> the president also appeals to congress to work together on climate change, immigration reform, and particularly on the phony issue of automatic government budget cuts known as sequestration. >> question. when former president clinton took the helm during an economic downturn, he said he had a quote laser-like focus on the economy. how would you describe the focus of president obama's state of the union pat buchanan? >> he did pivot back toward the jobs and the economy but overall this was a very libbal brail speech, something we have all heard before nothing new in it and a dead on aarrival speech. he is not going to get the m
power. they are accusing him of trying to monopolize power. they say it has hurt the country's economy. we have a report from the scene of one of today's rallies. >> this is outside the university in the heart of the capital. this is put on by supporters of the elected president, morsi, and they have been holding demonstrations for several weeks. the muslim brotherhood, which is the main supporter, and other muslim or islam groups, basically, they do not want to see more violence. they are calling on the opposition. they are saying you have to accept that the president was elected as president. live with him for four years. give him a chance and see what he can do. this was rejected by the opposition, holding a rally not too far from this one. they say he has hijacked the constitutional process, which is what the people do not want. for the moment, it seems to be rhetoric and not violence. they are gathering in support of the president, saying no to violence. >> after four days of being stuck at sea, the nightmare is finally over for those aboard the carnival cruise ship triumph. more
. a protester who interrupts the rally, saying enough, but a failing economy makes predictions difficult. the former cruise ship crooner may not win, but he may end up with influence preventing a stable government and causing new concerns in europe. >> from italy to oscar. this sunday everyone in hollywood will be on hand to see who will go home with an academy award. no one blockbuster is a film called fresh guacamole which has made history for being so short. tom explains all. >> he is probably walking the streets of los angeles. he has made academy award history by creating a short as film and never nominated for oscar. his film documents in one minute 30 seconds the making of opel of guacamole. >> it is looking at richard the making of guacamole. >> it is looking at cooking in a different way. the idea is to separate everyday things that have no food connotations for the appetizing ingredients in a traditional and who recipe. your parents always said, do not play with your food. i like to play with my food. >> he collaborated on the phone. it took four months to put it together. >> i
in the economy, make it a little bit liberalized from that perspective. there is one very important point. throughout their range, the castros have not allow anybody to come up to challenge the rule. there is not be right now that could step into that role. this period of transition will be very important. >> the only people around him are of similar age. octogenarians. if you are looking to the next generation, who would that be? >> that is a good question. perspective,ogical probably not. we're speculating, but part of that would be to ensure purity.call suggested they need to begin to lay the groundwork for that transition. they do not want the revolution to end when their lives to. >> what extent has delivered on that? what would change? >> there have been changes. economically, there have been changes. from my perspective, they have not been -- they have not been significant. if you replace castro with a younger generation, those changes might speed up. the u.s. relationship with cuba is codified in u.s. law. there would have to be some real changes on the island towards democracy fo
>> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. after aurora, after virginia tech, after columbine, the question of gun violence becomes a recurring national conversation. this evening, newshour joins pbs in a week of special coverage on the topic of gun violence: "after newtown." the waves of reaction since december's connecticut school shooting continue to reverberate from coast to coast. >> now! ifill: as gun-control activists push for stricter laws. and gun owners chafe against the prospect of new regulation, crossing for... causing for now an increase in sale in firearms and attendance at gun shows. that dpebt is now spre
a vote of confidence for the stock market, but she worries about long-term ramifications for the economy. >> i'm not so sure how much consolidation is actually good because that to me actually means job losses at the administrative level, factory level and even c.e.o. level. so-- i'm not that worried about the c.e.o.s, but still. >> reporter: this year, as m&a activity heats up, stocks have resisted a much talked about correction. the dow, s&p 500 and nasdaq are all up a healthy amount. investment pro sam stovall says if the majority of deals are cash, as many have been in 2013, it suggests the m&a cycle is just getting started. >> it's later in the cycle when a lot of m&a activity takes place where it's purchased for stock. then companies are basically saying, "we think our stock is overvalued, let's use it while we can to buy the competition." >> reporter: there may be a lot more corporate marriages in the months ahead, but stovall says the stock market still needs to digest its recent gains. >> i think that we could end up seeing a relatively mild correction in prices, something on th
.s. economy is not adding jobs, the claims for uninsurance benefits up pas past-- combined with continued worries about economic growth lead the major stroke averages lower within the s&p 500 off by 9.5. >> susie: stocks weren't the only investments falling today. many commodities also ended lower, on top of steep declines yesterday. u.s. oil futures fell to there lowest point this year, closing at $92.84 a barrel. so what's at the root of the commodities sell-off, and will it continue? erika miller reports. >> reporter: selling was heavy in crude oil today, as it was in most commodities. but crude also fell on new inventory data showing a big jump in oil supplies. >> today we had an inventory number which came out, which we were expecting a build of around two million barrels. we got a build of around four million barrels. >> reporter: across the room, gold futures were little changed. although industrial metals like platinum and palladium got slammed. grain prices also plunged, with wheat hitting an eight-month low today. the thomson reuters-jefferies c.r.b. index, a global commodities
moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: a u.s. security firm charged today there's an all-out effort to break into computer systems in the u.s. and elsewhere. the report laid out an extensive case against china and its military. the newest allegations of cyber attacks by the chinese government came up at the white house today. reporters asked spokesman jay carney about a study that blames china's military for a large-scale years-long hacking campaign. >> we have repeatedly raised our concerns at the highest levels about cyber attacks with senior chinese officials, including in the military, and we will continue to do so. >> woodruff: the report alleges this nondescript 12-sto
, returned $140 to our economy. every dollar. today, our scientists are mapping the human brain to unlock the answers to alzheimer's. they're developing drugs to regenerate damaged organs, devising new materials to make batteries 10 times more powerful. now is not the time to gut these job-creating investments in science and innovation. >> suarez: doctor francis collins was the head of the human genome project back then. today he's the director of the national institutes of health, which would coordinate much of the brain project. and he joins me now. good to have you back. >> nice to be with you, ray. >> suarez: there's research going on in universities around the country, institution around the world in to how the brain works. why do we need government capital flowing into this area? >> because there's a new technology opportunity here that wasn't really present four or five years ago, and the opportunity now exists in the similar way to the genome project about 30 years ago to build an intrp based upon new technology involving nanotechnology, opto genetics, some things that are pretty
and other theatre, and that's a big effect on local economies, in areas like rampton rode, virginia, san diego. and it's an effect affect that will be clearly felt on contractors who rely on navy contracts for shipbuildings. so i think the affects will be gradual. no one can really tell when the agencies will sort of pull the plug. and as i said, the cuts nay not take effect for that long. >> suarez: you said at the outset there is a political dimension to this. of course as we enter the final week there most certainly is what is the they are telling opinion researchers if friday comes and goes without a deal? >> well, i think part of the problem is that many americans don't really understand what sequestration is. it's become this obsession in washington. but many people are only just now beginning to become aware of it. but the recent, a recent poll by the pew center for research said that many more republicans would be held responsible than would the obama administration. on the other hand, as i said earlier, republicans have been putting pressure on the administration for two years,
of the principal entitlement costs that unless reformed will bankrupt the economy. >> yes, but here's how to lower the cost. lower the age of medicare, not raise it. >> rose: you are opposed to raising it, so that you don't get medicare until you are older. >> if you want to raise the taxpayers money in the context of obama care and health-care system today, i make, i think, a fairly coghent argument in this article that if you lower the age to 64, there is a woman in here who ends up in the emergency room, bridgeport hospital. who, no, the standford hospital who is 64 years old and 11 months. a month away from medicare. she's got no insurance. her bill is $21,000. medicare would have paid about $800 for that. now you say well, okay, but the taxpayers would have paid the $800ment she's going to pay the $21,000. first of all she is not. she is doesn't have the money. second under obama care, she will be required to have health insurance. she will pay much higher premiums because the big insurance companies, aetna, cigna, you name it, pay hospitals much, much more for that service than medicare does
americans. that is strength in numbers, united healthcare. >> your personal economy is made up of the things that matter most, including your career. as those things change, fidelity can help you readjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices that can fit your personal economy. fidelity investments, turn here. captioning sponsored by macneil/lehrer productions >> ifill: in the nine weeks since the schoolhouse shootings in newtown, connecticut, police around the country report hundreds more have been victims of gun violence. good evening. i'm gwen ifill. >> woodruff: and i'm judy woodruff. tonight begins a weeklong focus on guns here on pbs, "after newtown." on the newshour this evening, we look at political and other developments since the december tragedy and zero in on the gun debate in colorado. >> in the divisive atmosphere of the gun debate, both sides, at the federal and state level, say they know the coming months won't be easy. but they will be critica
. >> there are more thathat itali. united healthcare. >> your personal economy is made up of the things that matter most, including your career. as those things change, fidelity can help you registered retirement plan, rethink hell you are invested, and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices that can figure personal economy. fidelity investments, turn here. >> "bbc world news >> you are linked to the violent captioning sponsored by macneil/lehrer productions >> woodruff: evidence suggests that since 2006 a secretive chinese military unit has hacked the computer systems of more than one hundred u.s. corporations and organizations. good evening. i'm judy woodruff. >> ifill: and i'm gwen ifill. on the newshour tonight, we assess the damage done by the cyber attacks, and explore the motivations behind what appear to be china's systematic targeting of foreign firms and governments. >> woodruff: then, we turn to today's arguments at the supreme court over a patent case with implications for biotechnology giant monsanto, and a ra
of our economies, competition and so for us to all of a sudden pull up the gangplanks and worry about ourselves alone i think will bring the kind of problems that we saw before. nothing is a complete analogy, but i do think that there are some lessons learned from this. i do also believe that many americans do understand that we have a stake in what is happening in other countries. the part that i think we need to understand now is i believe in the strength of america. i think that we have a huge role to play in the world but i don't see why we have to do everything alone and so i very much agree with the approach of having partners where we can, in fact, help in other parts of the world together. that would be my shortest version of what i believe in and that i really do think while i understand the pain of people in this country i think only solution to resolving it is for us to be active internationally with others. >> rose: one question is whether that's what the rest of the world wants. many people come here and say yes, in fact, when they talk to foreign leaders, they do not wan
the skills they need to compete in the modern economy. he needs to, in order to reformat the republican message, have that 250i7 of message but he's got time. you for example the good thing is he has time. >> what do we read from the fact, michael and mark, as we said not one but two republican responses. the over one was rand paul, tea party. obviously this is just the tip of the iceberg but what does it is a about the republican matter right now. >> i think the republican party going through a very difficult period. just to give you sort of a quick history lesson, joe leiberman was democratic senator, nominee for vice president in 2000. in 2007 he created a great-- committed a grea great-- oppose tate act. he endorsed john mccain as president. he went to the republican convention we are criticized, the democrat eck nominee barack obama and endorsed mccain and sarah palin. and when joe campaigned in 20080 with mccain, comes back to the senate and senate democrats make him the chairman of standing committee, contrast that with chuck hagel. 84% of americans for conservative action, votin
sanctions been on iranian behavior. >> well they certainly affected the economy, had a huge effect on the economy and led to the devaluation of the iranian currency. but it's an excellent question because there's some talks coming up now in kazakhstan of all places in late february involving the eu, the united states and the iranians. and so this is going to be a venue in which people are going to be able to see to a certain extent how serious iran is about negotiating on limits on its nuclear program. there hasn't been negotiations for some significant period of time. and this is an opportunity to test the iranians. i think this initial round is not going to prove much but certainly over the next six months, i think there will be an ample opportunity to see if there is an intent on the iranian part to reach some sort of compromise. >> rose: leon panetta and others have said the following. we have no information that there's been a decision on the part of the iranian government and the most influential people there to builds a nuclear weapon and a missile that will deliver it. wha
technology has seeped into more and more crevices and nooks of the economy. because when i started at sequoia capital there's no way that we would have considered investing in a payments company, a financial services company, a media company. an advertising company. all of those sorts of things we've invested in quite happily in the last 15 years. it was technology and-- seeping out everywhere. >> rose: at the core of every business. >> exactly. and where technology goes, we follow. >> rose: you've been outspoken or at least you've made public statements saying wait, don't be so critical of apple because of the decline in the stock price. you believe in the future of apple and there's nothing, no reason not to be excited about the continued growth of that company. >> i'm not a soothsayer. all i was trying to do in the pandemonium after they announced their results recently was just try to paint a picture of realistic expectations for a company that is now as large as apple is. and-- . >> rose: second largest company in the world. >> and the point that i was making was that if the growth rate
force that will help the united states compete and win in a global economy. it will not be easy or gentle. it will not be quick. it will require a struggle over power and money. my grandmother asked how hard can that be? very." so tell me about the struggle that has to be fought. >> well -- >> engaged. >> look at where we are as a country. we are ranked 14th, 17th, and 25th out of all developed nations in reading, science and math respectively. our 25th ranking in math puts us behind countries like hungary and slovakia, which is -- i mean this is just not who we are as a nation. and in order to -- >> rose: not what made us great. >> no. and it's not going to make us great in the future unless we fix it. and i think that, you know, if you look at america today we have one of the lowest social mobility rates in the entire world. meaning if you are a child born into poverty in this country, the chances you will ever escape poverty are not good. which i think goes counter to everything we believe in as a country. so what's at stake is the lives of kids and the values of this nation
♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> suarez: there may be hope yet for bringing the national epidemic of obesity under control. at least, the latest numbers on calories and fast food, released today, indicated possible progress. for years, health officials have warned about americans' growing girth. now, research from the centers for disease control and prevention suggests the fight against fat may be having an effect. among the findings: american children consumed fewer calories in 2010 than a decade before-- 7% less for boys and 4% less for girls. and for adults, fast food accounted for just over 11% of the calories consumed in 2010, down from nearly 13% in 2006.
of what the chinese seem to be doing to under aspects of the u.s. economy for competitive reasons as opposed to affirmatively trying to harm u.s. corporations, take down their operations which one might interpret as an act of economic warfare? >> no one as yet seen a case where they really try to bring things down. there have been some worries in cases including one we wrote about called televent that controls the pipelines in the chinese and the ones that run in mexico. they may have gotten about how those valves run. the p.l.a. are an army but they have huge interests in these industries in china. so it's not completely above them to want to steal the industrial secrets for the companies that keep the p.l.a. budget alive. >> so it's another way of pursuing american intellectual property in >> by and large, that's it. when you heard attorney general holder an others announce a program this week, it was to avoid, you know, intellectual property theft. they almost never use the word cyber in the course of that. there are all kinds of way to steal intellectual property. >> you menti
on the economy in that local area. typically you find big companies have more ability to absorb the costs of minimum wage increase and it's the small business lobby that really agitates against it so it's an uphill push. many republicans will argue, all this will do is make jobs more expensive for employers to create and therefore we'll create fewer jobs and we have to resist this. obama thinks this will play well with his political base and i like jeff's point about, a lot of these ideas are not necessarily going to pass, that the president was talking about. so you ask the question, why would a president talk about a lot of things that aren't going to pass, and i think it's to create a patina across his whole presidency that's appealing to a lot of different voters by checking a lot of different boxes and that helps you with the one thing do you need to do and that's they is -- sequester fight coming up on march 1 and the tactical decisions he needs to make are fares he has the public behind him. john: karen, in the speech, what box was he trying to check with the preschool, expanding p
, masterminds of the mortgage-backed securities that almost sank the world economy. cantor's also the third largest recipient of money from the national rifle association in the house, which is one reason he's such a "big gun" there. senator robert menendez, democrat of new jersey, may be in hot water. he's currently under investigation for allegations that he improperly intervened with government agencies on behalf of a big donor. and there's fred upton, republican from michigan, chairman of the house energy and commerce committee. what a coincidence. the oil and gas industry is one of his top donors, helping him raise the $4 million dollars he spent last year to win re-election. senator kirsten gillibrand and senator chuck schumer, democrats of new york, have wall street as a constituent and patron. her biggest contributors include jpmorgan chase, morgan stanley, goldman sachs, and law firms that have advised them. his top donors include securities and investment firms, lawyers and legal firms, and lobbyists. and there are fleeting glances of some familiar faces here tonight seen recently
, are feeling the heat. then there's coming government spending cuts. does the economy have enough kick in it to withstand the sequester? and a big win for activist investor david einhorn in his fight to get apple to share the wealth, with its shareholders. that and more tonight on "n.b.r."! if you get a paycheck, no doubt you have seen it shrink this year. higher payroll taxes have taken 2% out of working americans take home pay. at the same time, gasoline prices have been rising and fast. together, this cuts into the spending power of consumers, and that's bad news for a host of companies, from restaurants to retailers. erika miller reports on how some of these firms are trying to fight back against the pay pinch. >> reporter: virtually every worker in america is taking home 2% less in pay this year because of higher payroll taxes. that's not just bad for consumers, it's also bad for businesses. three out of four households are cutting spending to cope with lower pay. for one out of three households, it means eating out less. consumers are also changing where they dine. >> we are movi
Search Results 0 to 48 of about 49 (some duplicates have been removed)